Updated almost 7 years ago on . Most recent reply
Does buying with cash affect DTI ratio?
Hi BP!
Maybe an odd question, I'm not sure but... I'm in the process now of buying a property with leverage using a bank. This will be my second investment home and I know that according to how banks view my DTI that I will pretty much be at my max for lending from banks. I am fine with this, however... lets say I have a flip opportunity I've come across right now in the middle of buying this house that will max out my DTI. If I have an investor that's willing to finance the purchase for me(with cash) would that affect my current purchase or my DTI or anything like that? Would that in any way be a red flag to my lender or the seller/selling agent? Or would it not really be a factor since I'm purchasing it with cash? Thanks